SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
Hawkmoon
To: Hawkmoon who wrote (15999)5/22/2014 4:56:38 PM
From: Davy Crockett1 Recommendation  Read Replies (1) of 33421
 
GOLD caught my eye today...

The pattern that appears to be developing is a falling wedge for the GDX ( and NUGT, JNUG 3x inverse long). However, and maybe someone can help me with this - is that it might also be a symmetrical triangle developing - if that is the case - would the breakout be down or would it be up?

I think it's going to coil for a few more days... however the way that I read the pattern, it is on the cusp of breaking out on the upside.

Sorry I can't post any charts right now, other than this one...


Any comments would be appreciated.

Davy
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext